A company incurs $1100000 of overhead each year in three departments, Processing, Packaging, and Testing. The company performs 700 processing transactions, 190000 packaging transactions, and 1800 tests per year in producing 390000 drums of oil and 590000 drums of sludge.

Calculate the amount of overhead assigned to oil.

Question 15 A company incurs $1100000 of overhead each year in three departments, Processing, Packaging, and Testing. The company performs 700 processing transactions, 190000 packaging transactions, and 1800 tests per year in producing 390000 drums of oil and 590000 drums of sludge. The following data are available: Department Expected use of Driver Cost Processing 700 $490000 Packaging 190000 490000 Testing 1800 120000 Production information for oil is as follows: Department Expected use of Driver Processing 200 Packaging 114000 Testing 1500 Calculate the amount of overhead assigned to oil. O $550000 O $534000 O $566000 O $394000